| Rank | BIB | Name | Year | Club | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | Hálfdán Daðason | 1959 | 00:22:38 | ||||
| 2 | Ægir Magnússon | 1957 | íA | 00:22:38 | +00:00 | ||
| 3 | Ken March | 1953 | North Shore Lions | 00:25:05 | +02:27 | 00:24:50 | |
| 4 | Heimir Aðalsteinsson | 1954 | Hlaupahópur F. H. | 00:28:12 | +05:34 | 00:27:41 | |
| 5 | Vöggur Clausen Magnússon | 1947 | Árbæjarskokk | 00:29:23 | +06:45 | 00:28:52 | |
| 6 | Gunnar J. Geirsson | 1944 | Laugaskokk | 00:31:25 | +08:47 | 00:30:47 | |
| 7 | Árni Eggertsson | 1956 | Hlaupahópur Stjörunnar | 00:34:35 | +11:57 | 00:34:05 | |
| 8 | Eysteinn Hafberg | 1940 | Skokkhópur Hauka | 00:35:16 | +12:38 | 00:34:44 | |
| 9 | Guðmundur Jónsson | 1957 | Hlaupahópur FH | 00:37:17 | +14:39 | 00:36:49 | |
| 10 | Þorsteinn Ingimundarson | 1946 | Hlaupahópur FH | 00:37:51 | +15:13 | 00:37:13 |